TDS Reversal- effect in form 16a

anushasreeram
anushasreeram Member Posts: 3
edited 2008-07-07 in Dynamics AX
Hi frens,
One of the clients posted the payment invoices wrongly to the vendors as well as to the banks.Unable to revese the transactions as the transactions are vendor as well as bank transactions. So, TDS assigned to those also got posted wrongly.What can be done. If anything is done will that show any effect in the form-16a.The clients main concern is TDS posted should not show as liability in form-16a.

I suggested the client to post the General journals exactly how he did(in wrong transactions) but with the negative amounts.So,that both the transactions will nullify and the balance will be correct.But i have a doubt that how these transactions will reflect in form-16a.

Will my suggestion solve the purpose if not what should be done.

Thanks & Regards
Anu.
anusha

Comments

  • Miker
    Miker Member Posts: 105
    anushasreeram wrote:

    I suggested the client to post the General journals exactly how he did(in wrong transactions) but with the negative amounts.So,that both the transactions will nullify and the balance will be correct.But i have a doubt that how these transactions will reflect in form-16a.
    Yes you should to post with negative amounts. This is the main Ax future.
    going to Europe
  • anushasreeram
    anushasreeram Member Posts: 3
    Thanks miker. But what about form 16a.After posting the transactions with negative amounts it should not show as liability in the form 16a.what about this as this is my main concern.

    Thanks
    anusha.
    anusha
  • Miker
    Miker Member Posts: 105
    Sorry but I do not know what form 16a is. :? I know only russia loc.
    going to Europe

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